I am Dr. Hassan, a Board-Certified Physiatrist and Independent Practice Owner. I help physiatrists start and grow their own profitable practices so they can achieve financial independence and live without limits.
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The Mindset Formula for Private Practice Success
Why Most Physiatrists Stay Stuck—And How You Can Break Free
You weren’t trained in business, and the thought of running your own profitable physiatry practice might feel overwhelming.
The fear of not having all the answers keeps many physiatrists trapped in burnout, undervalued, and overworked.
But here’s the truth: Success isn’t about knowing everything upfront. It’s about believing you can learn, adapt, and grow.
That’s what separates the physiatrists who build thriving private practices from those who stay stuck in the system.
It all comes down to one thing: your mindset formula.
Fixed vs. Growth Mindset: Which One Are You Using?
Psychologist Carol Dweck coined the terms fixed mindset and growth mindset—and one of them is keeping you from your dream practice.
Fixed Mindset:
- “I don’t know anything about business, so I’ll fail.”
- “I wasn’t taught this in residency, so I can’t do it.”
- “If my first attempt doesn’t work, I must not be cut out for private practice.”
Growth Mindset:
- “I can learn how to run a practice, just like I learned medicine.”
- “Every mistake is a lesson that brings me closer to success.”
- “I’m not an expert in business YET, but I can become one.”
Which mindset do you think leads to success? Your mindset formula determines the trajectory of your practice.
Your Business Will Only Grow as Much as Your Mindset
A fixed mindset convinces you that challenges mean “you’re not good enough.” It keeps you from taking action.
A growth mindset helps you see every setback as a stepping stone to success.
The most successful physiatry practice owners aren’t those who never fail—they’re the ones who refuse to quit. That’s the power of the right mindset formula.
How to Build a Growth Mindset for Private Practice Success
You’re a physician—you’ve already mastered one of the hardest professions in the world. But now it’s time to master your mindset formula for business success.
Step 1: Reframe Challenges as Opportunities
- Instead of “I don’t know how to handle billing,” say, “This is my chance to master the revenue cycle.”
- Instead of “I’m bad at marketing,” say, “I can learn to attract patients with the right strategies.”
Step 2: Surround Yourself with Growth-Oriented People
- Find mentors who have built successful practices.
- Network with physicians who think big and take action.
- Get coaching from business-minded healthcare experts.
Step 3: Take Action Before You Feel Ready
- You didn’t learn medicine overnight. Running a business is the same.
- Start before you have all the answers. You’ll figure it out along the way.
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Once you’ve decided that you want to leave your current job to start your practice, you need an exit plan. Check out our blog post here for tips on developing an exit plan and starting your new independent practice.
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I’m Dr. Hassan, a Board-Certified Physiatrist and Independent Practice Owner. I help physiatrists start and grow their own profitable practices so they can achieve financial independence and live without limits. Please go to businessofrehab.com/contractnegotiations to pick up the free guide to help you negotiate the contract of your dreams.
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Attention, Physiatrists! Stop leaving money on the table. Sign up for the free video series: How To Build A Profitable Practice in 90 Days or Less: http://www.sixtytosuccess.com
